Bare Act Search Results
Home Bare Acts Phrase: becomeCompanies Act, 1956 Section 43A
Title: Private Company to Become Public Company in Certain Cases
State: Central
Year: 1956
.....company has so become a public company, its articles of association may include provisions relating to the matters specified in clause (iii) of sub-section (1) of section 3 and the number of its members may be, or may at any time be reduced, below seven: Provided further that in computing the aforesaid percentage, account shall not be taken of any share in the private company held by a banking company, if, but only if, the following conditions are satisfied in respect of such share, namely: - (a) that the share - (i) forms part of the subject-matter of a trust, (ii) has not been set apart for the benefit of any body corporate, and (iii) is held by the banking company either as a trustee of that trust or in its own name on behalf of a trustee of that trust; or (b) that the share - (i) forms part of the estate of a deceased person, (ii) has not been bequeathed by the deceased person by his will to any body corporate, and (iii) is held by the banking company either as an executor or administrator of the deceased person or in its own name on behalf of an executor or administrator of the deceased person; and the registrar may, for the purpose of satisfying himself.....
View Complete Act List Judgments citing this sectionIndian Contract Act, 1872 Section 35
Title: When Contracts Become Void Which Are Contingent on Happening of Specified Event Within Fixed Time
State: Central
Year: 1872
Contingent contracts to do or not to do anything if a specified uncertain event happens within a fixed time become void if, at the expiration of the time fixed, such event has not happened, or if, before the time fixed, such event becomes impossible. When contracts may be enforced which are contingent on specified event not happening within fixed time. Contingent contracts to do or not to do anything if a specified uncertain event does not happen within a fixed time, may be enforced by law when the time fixed has expired and such event has not happened or, before the time fixed has expired, if it becomes certain that such event will not happen. Illustrations (a) A promises to pay B a sum of money if a certain ship returns within a year. The contract may be enforced if the ship returns within the year, and becomes void if the ship is burnt within the year. (b) A promises to pay B a sum of money if a certain ship does not return within a year. The contract may be enforced if the ship does not return within the year, or is burnt within the year.
View Complete Act List Judgments citing this sectionINDIA (CONSEQUENTIAL PROVISION) ACT, 1949 [REPEALED] Section 1
Title: Operation of existing law in relation to India in view of India's becoming a Republic
State: Central
Year: 1949
.....such modification of any existing law to which this Act extends as may appear to him to be necessary or expedient in view of India's becoming a Republic while remaining a member of the Commonwealth, and sub-section (1) of this section shall have effect in relation to any such law as modified by such an Order save in so far as the contrary intention appears in the order. An Order in Council under this section- (a) May be made either before or after India becomes a Republic and may be revoked or varied by a subsequent Order in Council; and (b) Shall be subject to annulment in pursuance of a resolution of either House of Parliament. (4) Any increase attributable to an Order in Council under this section .in sums payable out of moneys provided by Parliament or out of the Consolidated Fund of the United Kingdom or the growing produce thereof shall be defrayed out of moneys so provided, or out of that Fund or the growing produce thereof, as the case may be.
View Complete Act List Judgments citing this sectionEstate Duty Act, 1953 [Repealed] Section 23
Title: Interest Failing Before Becoming an Interest in Possession
State: Central
Year: 1953
In the case of settled property where the interest of any person under the settlement fails or determines by reason of his death before it becomes an interest in possession, and one or more subsequent limitations under the settlement continue to subsist, the property shall not be deemed to pass on his death by reason only of the failure or determination of that interest. Explanation 1.- Where property is settled by a person on himself for life and after his death on any other person, with an ultimate reversion of an absolute interest or absolute power of disposition to the settlor, the property shall not be deemed to pass to the settlor on the death of such other person by reason only that the settlor being then in possession of the property as tenant for life becomes, in consequence of such death, entitled to the immediate reversion or acquires an absolute power to dispose of the whole property. Explanation 2.- Where the interest of a person in settled property consists of an interest in the residue or part of the residue of an estate of a testator or intestate and the said estate continues to be under administration until the death of the person, the said interest of the pe
View Complete Act List Judgments citing this sectionCredit Information Companies (Regulation) Act, 2005 Section 16
Title: Failure to Become a Member of a Credit Information Company
State: Central
Year: 2005
(1) Where a credit institution-- (a) abstains from becoming a member of at least one credit information company; or (b) at any time is not a member of any credit information company, the Reserve Bank suo moto or on a complaint from a credit information company may, direct such credit institution to take necessary steps within such time, as it may specify to become a member of a credit information company. (2) In case a credit institution fails to comply with the directions of the Reserve Bank under sub-section (1), to become member of at least one credit information company, the Reserve Bank may, without prejudice to the provisions of this Act, intimate such failure to any other authority for taking such action as it may deem fit.
View Complete Act List Judgments citing this sectionIrrigation (Levy of Betterment Contribution and Water Rate) Act, 1957 (28 of 1957) Section 5
Title: When Contribution Becomes Payable
State: Karnataka
Year: 1957
Section 5 - When contribution becomes payable (1) 1 [The 2 [contribution]] shall become payable under this Act on a written notice of demand therefore issued by 1 [the Betterment Levy Officer] being served on land holder 3 [in the same manner as the notice under sub-section (4) of section 4 is required to be served.] 4 [Provided that no notice of demand shall be served on a landholder until an order made under sub-section (5) of section 4 becomes final;] (2) For the avoidance of doubt, it is hereby declared that it shall not be necessary to serve notice on any person other than the landholder, who has an interest in the land or on a successor-in-interest of the landholder or in respect of any instalment of the 2 [contribution.] 5 [(3) x x x] _______________________ 1. Substituted by Act 8 of 1964 w.e.f. 31.10.1957. 2. Substituted by Act 13 of 1966 w.e.f. 1.9.1960. 3. Inserted by Act 29 of 1974 w.e.f. 22.6.1974. 4. Inserted by Act 13 of 1966 w.e.f. 1.9.1960. 5. Omitted by Act 13 of 1966 w.e.f. 1.9.1960.
View Complete Act List Judgments citing this sectionCompanies Act, 1956 Section 277
Title: Choice by Person Becoming Director of More Than Fifteen Companies After Commencement of Act
State: Central
Year: 1956
.....shall choose the directorships which he wishes to continue to hold or to accept, so however that the total number of the directorships, old and new, held by him shall not exceed4[fifteen]. None of the new appointments of director shall take effect until such choice is made; and all the new appointments shall become void if the choice is not made within fifteen days of the day on which the last of them was made. ______________________ 1. Substituted by Act 53 of 2000, sec. 135, for "twenty companies" (w.e.f. 13-12-2000). 2. Substituted by Act 53 of 2000, sec. 135, for "this Act" (w.e.f. 13-12-2000). 3. Substituted by Act 53 of 2000, sec. 135, for "nineteen companies" (w.e.f. 13-12-2000). 4. Substituted by Act 53 of 2000, sec. 135, for "twenty" (w.e.f. 13-12-2000).
View Complete Act List Judgments citing this sectionKarnataka Municipal Corporations Act, 1976 Section 26
Title: General Disqualification for Becoming a Councillor
State: Karnataka
Year: 1976
.....service under a local authority or from Government service; or (e) if, having been a legal practitioner, he has been dismissed or suspended from practice by order of a competent authority, the disqualification in the latter case being operative during the period of such suspension; or (f) if he is a deaf, mute; or (g) is he is of unsound mind and stands so declared by a competent court; or (h) if he is an undischarged insolvent; or (i) if he is not a citizen of India or has voluntarily acquired the citizenship of a foreign State, or is under any acknowledgment of allegiance or adherence to a foreign State; or 1 [(j) if he is so disqualified by any law for the time being in force for the purposes of election to the State Legislature: Provided that no person shall be disqualified on the ground that he is less than twenty five years if he has attained the age of twenty one years.] (k) if, save as hereinafter provided, he has, directly or indirectly, by himself or his partner, any share or interest in any work done by order of the Corporation, or in any contract or employment with or under, or by or on behalf of the Corporation; or (l) if he is employed as paid legal.....
View Complete Act List Judgments citing this sectionKarnataka Panchayat Raj Act, 1993 Section 25
Title: Fresh Election if a Seat Becomes Vacant
State: Karnataka
Year: 1993
If the seat of any member has become vacant or is deemed to have become vacant under section 13, a fresh election for the vacancy so caused shall be held in accordance with the provisions of this Act.
View Complete Act List Judgments citing this sectionKarnataka Municipalities Act, 1964 Section 16
Title: General Disqualifications for Becoming a Councillor
State: Karnataka
Year: 1964
.....from service under a local authority or Government service; or (e) if, having been a legal practitioner, he has been dismissed or suspended from practice by order of a competent authority the disqualification in the latter case being operative during the period of such suspension; or (f) if he has been removed from office under section 41 of this Act; or (g) if he is of unsound mind and stands so declared by a competent court; or (h) if he is an undischarged insolvent; or (i) if he is not a citizen of India, or has voluntarily acquired the citizenship of a foreign State, or is under any acknowledgment of allegiance or adherence to a foreign State; or 2 [(j) if he is so disqualified by or under any law for the time being in force for the purpose of election to the State Legislature: Provided that no person shall be disqualified on the ground that he is less than twenty-five years, if he has attained the age of twenty-one years.] (k) if, save as hereinafter provided, he has directly or indirectly by himself or his partner any share or interest in any work done by order of the municipal council, or in any contract or employment with or under, or by or on behalf of.....
View Complete Act List Judgments citing this section- << Prev.
- Next >>
Sign-up to get more results
Unlock complete result pages and premium legal research features.
Start Free Trial